Corporations Act 2001
(a) exempt a person from a provision of this Chapter; or
(b) declare that this Chapter applies to a person as if specified provisions were omitted, modified or varied as specified in the declaration. 283GA(2) [ Scope of exemption or modification]
The exemption or declaration may do all or any of the following:
(a) apply to all or specified provisions of this Chapter;
(b) apply to all persons, specified persons, or a specified class of persons;
(c) relate to all debentures, specified debentures or a specified class of debentures;
(d) relate to any other matter generally or as specified. 283GA(3) [ Exemption with or without conditions]
An exemption may apply unconditionally or subject to specified conditions. A person to whom a condition specified in an exemption applies must comply with the condition. The Court may order the person to comply with the condition in a specified way. Only ASIC may apply to the Court for the order.
283GA(4) [ Publication in the Gazette ]The exemption or declaration must be in writing and ASIC must publish notice of it in the Gazette .
283GA(5) [ ``provisions of this Chapter'']For the purposes of this section, the provisions of this Chapter include:
(a) regulations made for the purposes of this Chapter; and
(b) definitions in this Act or the regulations as they apply to references in:
(i) this Chapter; or
(ii) regulations made for the purposes of this Chapter; and
(c) the old Division 12 of Part 11.2 transitionals.
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